The (USDCAD) price rose in its last intraday trading, due to the stability of 1.3630 support, which represents our expected target in our previous analysis, gaining bullish momentum that helped it to achieve cautious gains, attempting to recover previous losses, attempting to offload some of the clear oversold conditions on relative strength indicators, especially with the emergence of the positive signals from them, amid the continuation of the negative pressure due to its trading below EMA50, representing dynamic resistance that reduces the chances of near-term recovery.

The (USDJPY) rose in its last intraday trading, taking advantage of the dynamic and positive support that is represented by its trading above EMA50, reinforcing the stability and dominance of the main bullish corrective trend on short-term basis, especially with the trading alongside supportive trend line for this path, besides the emergence of positive signals from relative strength indicators.

GBPUSD declined in its last intraday trading, leaning on 1.3425 support, which represented an expected target in our previous analysis, gaining some bullish momentum that helped it to reduce some of its early losses, attempting to offload some of its clear oversold conditions on relative strength indicators, especially with the emergence of positive signals from there, amid the dominance of the bearish corrective trend on short-term basis, with its trading alongside supportive trend line for this path, besides dynamic resistance that is represented by the trading below EMA50, which reduces the chances of its full recovery on near-term basis. 

Bitcoin’s price (BTCUSD) rose in its recent intraday trading, taking advantage of the stability of $65,000 support, which provided bullish technical momentum that helped it to achieve limited gains, these moves target offloading some of the oversold levels on relative strength indicators, especially with the emergence of positive overlapping signals that supports the likelihoods of the temporary recovery continuation.

The negative pressures remain valid, as the price is moving below EMA50, which represents dynamic resistance that decelerates any strong bullish attempts, making any current rises under pressure unless it manages to breach the near resistance levels. 

Therefore, we suggest a decline in BTCUSD in its upcoming intraday trading, conditioned by breaking $65,000 support, to target $70,000 support.

Expected trading range is bewteen$62,500 support and $70,000 resistance.

Today’s forecast: Neutral